Source of article: The straits times In summary: The MAS has just announced the final segment of its rules on retail safeguards and business conduct for digital token payment service providers regulated in Singapore. It is significant that the definitions of retail investors and accredited investors are made clear in the proposed measures. My comments…
Issues of risks management, internal controls, and due processes apply equally to all public charitable organisations, including faith-based charities. How does a religious charity strike the proverbial balance between religiosity on the one hand, and secular compliance with the applicable laws and regulations? It is not sensible to have a one-size fits all prescriptive set…
Source of article: The Business Times In summary: The startling money-laundering arrests in Singapore on 15 August 2023 should not evoke a cathartic knee-jerk response to churn out more legislations and prescriptive regulations. It is important to view things in perspective. No country has an impenetrable “iron dome” of laws and regulations that can effectively shield…
